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2013
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Press Release Apr 2013 - attune secures $20 million funding from MAS Holdings
Apr 02, 2013
attune Consulting Announces $20 Million Investment From MAS Holdings to Build World-Class Business and Technology Solutions Company Focused Exclusively on the Fashion and Lifestyle Industries.
 

 

BURLINGTON, Mass., April 2, 2013 /PRNewswire/ -- attune Consulting, a premier global solutions provider to the fashion and lifestyle industries, today announced that MAS Holdings, the leading South Asian manufacturer of fine apparel, and supplier of the world's leading brands of intimates, activewear and leisure wear, has chosen to invest $20 million to fuel attune's development as the world's leading IT business and technology solutions company focused exclusively on the fashion and lifestyle industries. As part of this investment, attune will merge with Sabre Technologies, a software services provider specializing in cloud, mobile and other Web-based technologies, giving the combined company an unparalleled set of skills and services with which to serve its clients.

"The time is right to create a world-class IT solutions company dedicated to serving the needs of fashion and lifestyle," said Mahesh Amalean, chairman of MAS. "Today's leading brands face a highly competitive global market along with a growing reliance on emerging digital technologies to drive operational efficiencies and engage with consumers, partners and other stakeholders across the value chain. attune is in an ideal position to capitalize on this opportunity by delivering a full array of solutions and services to meet the needs of customers – from product design straight through to retail store shelves."

attune was founded in 2006 and has historically focused on implementing SAP's Apparel and Footwear Solution (AFS) for many of the world's most recognized brands. Spanning five continents and 16 countries, the company has developed a unique expertise in SAP AFS and Retail best practices that allows it to reduce project costs, resource requirements and timelines.

Sabre was founded in 2001 as a solutions company specializing in cloud and mobile technologies, with particular expertise in .NET and Java development frameworks. The company has a long track record of helping companies in the fashion and lifestyle industries capitalize on business opportunities through the application of technology, including custom application development.

Sabre was founded in 2001 as a solutions company specializing in cloud and mobile technologies, with particular expertise in .NET and Java development frameworks. The company has a long track record of helping companies in the fashion and lifestyle industries capitalize on business opportunities through the application of technology, including custom application development.

"Our exclusive focus on the fashion and lifestyle industries, coupled with our global organization of full-time, highly experienced consultants, has enabled attune to build a reputation that is second to none," said Vajira De Silva, CEO of attune. "With this investment from MAS, we can now accelerate the development of additional services to help our clients address all of their technology challenges, across the entire value chain."

About attune

A premier global solution provider to the fashion industry, attune empowers companies at all stages of the fashion value chain to maximize revenue, ROI and supply chain visibility. Established in 2006 as an SAP solution provider - for manufacturers, brand owners and retailers - its mission is to partner with the world's great fashion and lifestyle companies to develop customized, innovative solutions that will transform their business success. attune's comprehensive offering of end-to-end ERP solutions, combined with full lifecycle services, include preconfigured solutions for accelerated SAP Apparel & Footwear (SAP AFS) and Retail implementations. For more information about attune, please visit http://www.attuneconsulting.com.

About Sabre Technologies

Founded in 2001 and backed by MAS Holdings, one of Sri Lanka's largest and most successful companies, Sabre Technologies specializes in developing Web, cloud and mobility solutions for companies looking to use technology to increase their competitive position and differentiation in the marketplace.

About MAS Holdings

Founded in 1986, MAS Holdings provides innovative design-to-delivery solutions in intimate apparel and sportswear through its MAS Intimates and MAS Active divisions. The Sri Lankan company currently comprises a portfolio of 38 world-class apparel facilities spread over ten countries, providing employment to more than 58,000 people.